Market Research & Private Equity company Grace Century's bio banking project, Provia Laboratories, LLC has reported 47% quarterly growth in enrollments for their Store-a-tooth™ cryogenic storage service of dental stem cells. The impressive figure represents a highest-ever recorded growth rate in enrollments for the pioneering technology, which enables stem cell to to be stored for future therapeutic use.
Ras Al Khaimah, United Arab Emirates, June 25, 2015 (Newswire.com) - Grace Century’s bio banking project, Provia Laboratories, LLC has reported a record enrollment quarter for their Store-a-tooth™ cryogenic storage service of dental stem cells.
Provia posted a 47% increase in enrollments, month to date and quarter over quarter, compared to last year.
"We are confident in a bright future for Store-a-tooth™ technology, and we are tentatively predicting further double or even triple-digit growth for 2016."
Scott Wolf, CEO, Grace Century
Store-a-tooth™ technology enables dental stem cells to be stored and used in future years to take advantage of future stem cell-therapies being researched for conditions such as cardiovascular disorders, type 1 diabetes and muscular dystrophy.
The impressive results are attributed to a dramatic increase in the awareness and interest of the potential benefits of Store-a-tooth™ technology, seen during 2015. In particular, a markedly enhanced level of online activity and research on Store-a-tooth™ has significantly boosted enrollments. In addition, continued International expansion and improved marketing tools within partner dental offices have contributed to the recent growth. Multiple markets are expanding, further validating Provia’s original business model.
Grace Century’s CEO, Scott Wolf, comments "With Provia’s consistent success, we are clearly seeing the future in the field of stem cell storage technology. Recent capital commitments and advancing negotiations with institutional sources give us confidence in a bright future for Store-a-tooth™ technology and we are tentatively predicting further double or even triple-digit growth for 2016.”
Howard Greenman, CEO of Provia added “Our recent performance is a testament to the commitment of our team and the company’s vision. We are proud to continue developing our current network of healthcare providers who help raise awareness of our technology in their communities. This network is the building block for building awareness of our important technology.”
About Grace Century, FZ LLC
Grace Century FZ LLC is an International research and private equity consultancy located in Ras Al Khaimah, (north of Dubai) in the United Arab Emirates (UAE). Grace Century specializes in “game-changing” life science and health related private equity projects.
For portfolio or company information please email info@gracecentury.com or call +971 (0)7 206 8851
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About Provia Laboratories, LLC
Headquartered in Littleton, MA, Provia Laboratories, LLC is a healthcare services company specializing in high-quality bio-banking (the collection, transport, processing and cryogenic storage of biological specimens). Provia Labs offers the Proviasette™ product range for use in bio-banking environments to improve sample logistics, security and quality.
The company manages and promotes its own bio-bank for a dental stem cell banking service, Store-A-Tooth™, which gives families the option to store stem cells to protect their children’s future health and take advantage of advances in stem cell therapies.
Provia advises industrial, academic and governmental clients on matters related to the preservation of biological specimens for research and clinical use.
Provia Labs is a member of ISBER, the International Society for Biological and Environmental Repositories, as well as ESBB, the European, Middle Eastern & African Society for Bio-preservation & Bio-banking.
For further information about Proviasette™, please call Provia Labs at +1 (781) 652-4815
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